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Global Market for Aircraft, Engines, Parts & Equipment to Reach $172 Billion by 2010, According to a New Report by Global Industry Analysts, Inc. The speedy recovery in global air traffic since 2004 has set the dais for thriving air transport industry in the forthcoming years. The prospects for air travel and cargo sector have brightened in both developed markets such as Europe and the US, as well as, developing economies including Asia-Pacific and Latin America. The industry, in its both forms- domestic and international, attained new heights in the year, and the sector is projected to grow phenomenally in future. Asian air transport industry led the worldwide market, primarily dictated by booming air traffic in China and India. Middle East, an explicit business class air travel center is a venue with unexplored opportunities for airlines.
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